Business For Sale

Business Overview:

Absentee owner has other business interests and says sell. The business is currently providing nearly $30,000 in absentee profits. This well established salon has a solid customer base and excellent room to expand to create additional profits. An owner operator could generate a great deal more profit by being on site. The current manager is paid a base salary and has no incentive to generate any added revenue. The store has an excellent split level design which allows for the ability to have increased revenues for other services. The cutters are not employees, but rather rent their space. Most of the cutters have been at this location since the business opened in 2006. This opportunity will provide an interested buyer the ability to step into a profitable operating business, and quickly expand and increase both revenues and profits. Simply the presents of a owner operator would reduce the costs of overhead by the managers salary, nearly doubling the profit potential. This location is extremely well located in a highly sought after area, in the near North side of the city, in an upper middle income area. The business has not reached near its potential due to the owner being absentee.

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Property Features and Assets:

The business is located in a highly sought after area, in the near North side of the city, in an upper middle income area. Well placed in a high volume, well designed shopping center with an attractive lease. Owner will provide up to 2 months of training.

Market Competition and Expansion:

This business has the unique ability to resist changes in the economy as it is one of the few businesses which bring enjoyment to the customers in both and up or down economy. There is some competition in the area, however this location can easily become the primary salon in the area with an involved owner. The growth potential in the current location is outstanding. An owner operator could increase the profits even more. However, by operating in an absentee manner, it provides a great return on a very small investment. (over 50%).

Reason for Selling:

Absentee owner/other business interests.

Additional Details:

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